Amid Rapid Change, MISMO Adapts

With mortgage technology changing in the blink of an eye, MISMO, the Mortgage Industry Standards Maintenance Organization, is changing as well.

Amid Rapid Change, MISMO Adapts

With mortgage technology changing in the blink of an eye, MISMO, the Mortgage Industry Standards Maintenance Organization, is changing as well.

Amid Rapid Change, MISMO Adapts

With mortgage technology changing in the blink of an eye, MISMO, the Mortgage Industry Standards Maintenance Organization, is changing as well.

IRS Issues Clarification on Taxpayer Consent, Disclosure Requirements

The Internal Revenue Service yesterday posted a clarification on the effective date of new taxpayer consent and disclosure requirements needed to obtain and share IRS tax transcript information with investors, servicers and due diligence firms.

MBA Advocacy Update

Last Friday, MBA President and CEO Bob Broeksmit, CMB, attended a White House meeting chaired by HUD Secretary Ben Carson and attended by other senior administration officials and key industry stakeholders to discuss housing affordability. And on Monday, the Federal Housing Finance Agency announced it is seeking comment on pooling practices for Fannie Mae and Freddie Mac in the Uniform Mortgage-Backed Securities market.

SEC to Examine Disclosure Requirements for RMBS

Securities and Exchange Commission Jay Clayton this week issued a statement instructing SEC staff to review the Commission’s residential mortgage-backed securities asset-level disclosure requirements with an eye toward facilitating more SEC-registered offerings.